WiseDime is all about teaching people how to save money and invest their finances in the most effective way possible, but what about those people who already have their spending habits saved? Turns out that even the most cost-conscious of souls can still splurge on themselves, so we’re here to breakdown what the frugal-minded folk are doing with their excess money.
As the era of ever-growing tech continues, people are learning they can actually make more money online or with the latest smartphones/laptops. That’s why even people who are great at handling their money may over-spend on computers, as they perceive it as a means to increase revenue in the long run.
Housing, Cleaning, and Cooking
Surprisingly you would think that frugal people would never spend money on cleaning services, but the opposite is actually true. House cleaning services save time and increase at-home pleasure, which can increase productivity. Additionally, these penny-pinchers are usually okay with spending their silver on cookware because it encourages at home cooking rather than going out to eat all the time.
Health Activities and Hobbies
Call it a mood booster, but frugal people are okay with spending money on exercise classes and hobbies, or anything that may improve their mental and physical health. It’s okay to splurge on things you’re enjoying, especially if it gives you an experience you can remember rather than it just being a material object.
So, frugal-minded friends of the world, remember it’s okay to splurge every now and again.